What is DA Davidson’s Forecast for ALRS FY2026 Earnings?

Alerus Financial Co. (NASDAQ:ALRS) – Investment analysts at DA Davidson issued their FY2026 earnings estimates for Alerus Financial in a research note issued on Friday, March 28th. DA Davidson analyst J. Rulis anticipates that the company will post earnings of $2.30 per share for the year. DA Davidson has a “Neutral” rating and a $23.00 price target on the stock. The consensus estimate for Alerus Financial’s current full-year earnings is $2.14 per share.

Alerus Financial (NASDAQ:ALRS) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.16. Alerus Financial had a net margin of 6.26% and a return on equity of 7.66%.

Several other research analysts have also recently weighed in on the stock. Piper Sandler upped their price objective on shares of Alerus Financial from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James restated an “outperform” rating and set a $24.00 price objective (up previously from $22.00) on shares of Alerus Financial in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Alerus Financial presently has an average rating of “Hold” and an average target price of $23.40.

Alerus Financial Price Performance

Shares of NASDAQ ALRS opened at $18.30 on Monday. The firm has a market capitalization of $466.85 million, a P/E ratio of 17.94 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $20.09 and its two-hundred day simple moving average is $21.03. Alerus Financial has a twelve month low of $17.95 and a twelve month high of $24.41.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ALRS. JPMorgan Chase & Co. grew its holdings in shares of Alerus Financial by 207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,214 shares of the company’s stock valued at $554,000 after purchasing an additional 16,336 shares during the last quarter. Barclays PLC boosted its position in Alerus Financial by 58.8% during the third quarter. Barclays PLC now owns 44,399 shares of the company’s stock valued at $1,017,000 after buying an additional 16,436 shares during the period. Choreo LLC bought a new position in shares of Alerus Financial during the fourth quarter valued at about $2,620,000. Empowered Funds LLC increased its holdings in shares of Alerus Financial by 70.8% in the fourth quarter. Empowered Funds LLC now owns 80,184 shares of the company’s stock worth $1,543,000 after buying an additional 33,247 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Alerus Financial by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 416,072 shares of the company’s stock valued at $9,522,000 after acquiring an additional 15,966 shares during the last quarter. 51.25% of the stock is owned by hedge funds and other institutional investors.

Alerus Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, March 14th. Alerus Financial’s payout ratio is currently 78.43%.

Alerus Financial Company Profile

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management.